OC BUSINESS JOURNAL DAILY NEWS

Midday Stock Roundup

The S&P 500 declined 0.1% in midday trading to 2,593.56.

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New Year, New Dining Experiences

Wahoo’s Adds Dishes, James Beard Honors

A New Year means a time to look forward to new restaurants, new chefs, new dishes, and new culinary experiences.

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OC 500: Aimee Weisner

Current role 2011 … reports to Mike Mussallem (see entry) … previously EVP administration, secretary, AMO—now part of J&J Vision … boards: Glaukos; Heart Assn. OC … turning point: coming to Calif. for college, ‘meeting my husband, the father of my children and love of my life, career in law and healthcare’ … would meet: ‘among the living, definitely Pope Francis’

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New Shows Tap Trends

Two new events at Anaheim Convention Center reflect efforts by area tourism marketers to play to the city’s strengths and bring larger or higher-dollar events to the venue.

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Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,575.66.

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Pacifica Hotels Promotes President

Aliso Viejo-based Pacifica Hotels has promoted Adam Marquis to president, responsible for operations and development for its 41 owned, managed, or in-development properties in California, Florida, and Hawaii.

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The CEO Who Engineered the $10B Sale

Jimmy P Built Microsemi Into Computer Chip Giant

Jim Peterson, often known as “Jimmy P,” dressed in jeans and a black holiday shirt, with forearm tats exposed, is looking comfortable and relaxed these days.

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OC 500: Jim Peterson

Longtime Microsemi Corp. CEO, left May 2018 after $10B sale … took 6% Lantronix stake, led by Jeff Benck (see entry) … Microsemi 4th-largest OC chipmaker; 5K workers, 250 in OC … clients Boeing, Cisco … $1.8B revenue, $180M net income before sale … co. backed UCI sports, electrical engineering ... took top slot, 2000, bought 27 firms during tenure ... Business Journal OC 50

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,589.65.

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Hotel Openings Down; Construction Up

Three hotels totaling 445 rooms opened in Orange County in 2018, down 54% from the 960 rooms at six hotels that opened in 2017, data from Irvine-based hotel broker-consultant Atlas Hospitality Group show.

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From ‘Zero Business’ to $1.45 Billion

Alliant Insurance CEO Wants People to Buy In

Tom Corbett changed careers from medicine to insurance for a variety of reasons, including supporting his family.

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OC 500: Thomas W. Corbett

41 years at biggest OC insurance broker, world’s 12th biggest … 2018 $1.4B annual sales; 15% from OC office … about 300 local workers … serves multiple industries, agribusiness to law firms to nonprofits to tribal nations … Corbett sails, golfs, hikes … ‘if you want to be left alone at a cocktail party, tell them you sell insurance’

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Midday Stock Roundup

The S&P 500 was up 0.6% to 2,564.48.

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Habit’s Bendel Cooks Up Burger Sales

Chain’s Popularity Grows As CEO Avoids Limelight

When business is about tortoises and hares, Habit Restaurants Inc. Chief Executive Russ Bendel is quite content to be the turtle.

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OC 500: Russ Bendel

Leads fast-casual burger chain … $400M market cap; $390M revenue … 230 locations, 11 states … 7th-largest OC-based chain … bucks industry franchising trend; owns 80% of its units … rare franchise deal, nine units, Idaho, Eastern Washington, big area operator … adding drive-thrus, breakfast … Bendel’s son runs several indie eateries

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Mitsubishi Nabs CMO From Kia

Cypress-based Mitsubishi Motors North America has named Kimberley Gardiner as vice president and chief marketing officer.

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Midday Stock Roundup

Stocks climbed as trade talks began between the U.S. and China. The S&P 500 was up 1.3% in midday trading to 2,565.27, while the Dow Jones Industrial Average increased 1% to 23,665.22 and the Nasdaq was up 1.6% to 6,848.37.

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Hybrid Apparel Names CEO

Bill Hutchison has been named chief executive of Cypress-based Hybrid Apparel, effective Jan. 14.

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Bob’s the Builder

Olson Brings Hotel Glitz to NB, Irvine, Dana Point

It’s been a whirlwind period of growth for Bob Olson, who over a 10-year stretch has gone from Orange County’s biggest and best-known hotel developer, to the largest in Southern California, to the most prolific in the Golden State.

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OC 500: Robert Olson

Among state’s busiest hotel developers … two recent projects: boutique Marriott Autograph Collection property, Lido House, NB; Spectrum Marriott, Irvine; both with rooftop bars … two future projects: hotels planned, Dana Point Harbor … partners Bellwether (see Joe Ueberroth), Burnham-Ward (see Bryon Ward, Scott Burnham) … Business Journal OC 50

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HB Hotels Lead RevPAR Growth

Hotels in Huntington Beach reported by far the biggest jump in revenue per available room (RevPAR) in November, according to a report by CBRE Hotels in Los Angeles.

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Midday Stock Roundup

U.S. stocks rose after a strong jobs report and a speech by Fed Reserve Chairman Jerome Powell, who indicated patience with rate increases.

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Cold-Chain Logistics Provider Cryoport Lands $25M

HEALTHCARE: Investment could seed 2019 acquisitions

Cryoport Inc. (Nasdaq: CYRX) is not the only one excited about the outlook of biotech companies and their cell and gene therapy pipelines—and the services used to transport their ultra-sensitive materials from place to place.

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OC 500: Andrew Littlefair

Co-founded 1997 … runs natural-gas stations … 2018: France-based Total SA bought 25% for $84M … market cap $505M … roots for USC, Dodgers … first job, age 15: ‘started Littlefair Lawns … kept through high school’ … backs Mater Dei, Reagan Library; sponsors Kenya college student … first car: VW 412, 4-door … can’t miss: Newport Harbor Yacht Club Stag Cruise … sleeps 6.5 hours a night; rises at 4

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HFC Buys 4th Franchiser

Home Franchise Concepts in Irvine on Jan. 1 bought AdvantaClean in Huntersville, N.C., on undisclosed term, its fourth home-improvement franchise system. It already owned Budget Blinds, Tailored Living and Concrete Craft.

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